James Mulvihill, director of Black Creek, said investors in the real estate sector decided to come to Mexico because of its macroeconomic strength. This, during the change of government in the country, says the expert.
During the event The Real Estate Show 2019, organized by the Association of Real Estate Developers (ADI), the executive said that thanks to the North American trade agreement, investments were made in the real estate sector in the country.
He adds that despite the concern generated by the change of government, there are underlying points that should be exploited.
In addition, he mentioned that Mexico has a strong export manufacturing recognized worldwide. Also an independent central bank and positive changes in the Afores game rules. With this, the country has much to contribute to the world and much to be proud of.
A key ally for Mexico, according to Mulvihill, is Japan, since it has already built a good manufacturing base in the country. "Mexico needs to stretch its arms towards Japan," he insisted.
Finally, he indicated that in the framework of the trade war between the United States and China, the country has the opportunity to take away participation from the Asian country, because it has spoken with people in manufacturing and "they say that China is no longer an option".